Irish government spending deficit soars due to lockdown 

Irish government spending deficit soars due to lockdown – dpa international


Irish government spending deficit soars due to lockdown – dpa international
Shoppers in the west of Ireland loading their cars outside a supermarket. one of the handful of retailers allowed to stay open during Ireland’s lockdowns (Simon Roughneen)
DUBLIN — Coronavirus-related borrowing and spending caused an 18.4-billion-euro (22.01-billion-dollar) government deficit in Ireland last year, equivalent to around 5 per cent of gross domestic product (GDP), according to official data published on Wednesday.
The Central Statistics Office (CSO) said Dublin borrowed almost 14 billion euros to meet ballooning health and social costs incurred by pandemic restrictions, which have left hundreds of thousands of people out of work and dependent on state support.

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